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Side-by-side financial comparison of MID PENN BANCORP INC (MPB) and PubMatic, Inc. (PUBM). Click either name above to swap in a different company.

PubMatic, Inc. is the larger business by last-quarter revenue ($62.6M vs $62.0M, roughly 1.0× MID PENN BANCORP INC). MID PENN BANCORP INC runs the higher net margin — 31.4% vs -20.0%, a 51.3% gap on every dollar of revenue. On growth, MID PENN BANCORP INC posted the faster year-over-year revenue change (30.8% vs -2.0%). MID PENN BANCORP INC produced more free cash flow last quarter ($71.8M vs $10.7M). Over the past eight quarters, MID PENN BANCORP INC's revenue compounded faster (21.1% CAGR vs -3.6%).

Commerce Bancorp was a Cherry Hill, New Jersey–based bank created in 1973. In 2007, it was purchased by Toronto-Dominion Bank, which merged Commerce into TD Banknorth, the latter of which was rebranded to TD Bank.

PubMatic, Inc. develops and implements online advertising software and strategies for the digital publishing and advertising industry. PubMatic's sell-side, real-time programmatic ad transaction advertising software puts publishers of websites, videos, and mobile apps into contact with ad buyers by using automated systems, while allowing users to opt-out of having their personal information collected on internet searches. PubMatic has a number of offices in countries around the world.

MPB vs PUBM — Head-to-Head

Bigger by revenue
PUBM
PUBM
1.0× larger
PUBM
$62.6M
$62.0M
MPB
Growing faster (revenue YoY)
MPB
MPB
+32.8% gap
MPB
30.8%
-2.0%
PUBM
Higher net margin
MPB
MPB
51.3% more per $
MPB
31.4%
-20.0%
PUBM
More free cash flow
MPB
MPB
$61.1M more FCF
MPB
$71.8M
$10.7M
PUBM
Faster 2-yr revenue CAGR
MPB
MPB
Annualised
MPB
21.1%
-3.6%
PUBM

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MPB
MPB
PUBM
PUBM
Revenue
$62.0M
$62.6M
Net Profit
$19.4M
$-12.5M
Gross Margin
58.3%
Operating Margin
43.6%
17.3%
Net Margin
31.4%
-20.0%
Revenue YoY
30.8%
-2.0%
Net Profit YoY
47.0%
-31.9%
EPS (diluted)
$0.83
$-0.27

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MPB
MPB
PUBM
PUBM
Q1 26
$62.6M
Q4 25
$62.0M
$80.0M
Q3 25
$61.8M
$68.0M
Q2 25
$54.3M
$71.1M
Q1 25
$47.7M
$63.8M
Q4 24
$47.4M
$85.5M
Q3 24
$45.3M
$71.8M
Q2 24
$44.1M
$67.3M
Net Profit
MPB
MPB
PUBM
PUBM
Q1 26
$-12.5M
Q4 25
$19.4M
Q3 25
$18.3M
$-6.5M
Q2 25
$4.8M
$-5.2M
Q1 25
$13.7M
$-9.5M
Q4 24
$13.2M
Q3 24
$12.3M
$-912.0K
Q2 24
$11.8M
$2.0M
Gross Margin
MPB
MPB
PUBM
PUBM
Q1 26
58.3%
Q4 25
68.2%
Q3 25
62.6%
Q2 25
62.6%
Q1 25
59.9%
Q4 24
70.8%
Q3 24
64.5%
Q2 24
62.6%
Operating Margin
MPB
MPB
PUBM
PUBM
Q1 26
17.3%
Q4 25
43.6%
10.6%
Q3 25
39.3%
-12.4%
Q2 25
7.9%
-7.7%
Q1 25
35.2%
-18.6%
Q4 24
34.1%
17.3%
Q3 24
32.8%
-1.9%
Q2 24
32.4%
-5.9%
Net Margin
MPB
MPB
PUBM
PUBM
Q1 26
-20.0%
Q4 25
31.4%
Q3 25
29.6%
-9.5%
Q2 25
8.8%
-7.3%
Q1 25
28.8%
-14.9%
Q4 24
27.9%
Q3 24
27.1%
-1.3%
Q2 24
26.7%
2.9%
EPS (diluted)
MPB
MPB
PUBM
PUBM
Q1 26
$-0.27
Q4 25
$0.83
$0.14
Q3 25
$0.79
$-0.14
Q2 25
$0.22
$-0.11
Q1 25
$0.71
$-0.20
Q4 24
$0.72
$0.26
Q3 24
$0.74
$-0.02
Q2 24
$0.71
$0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MPB
MPB
PUBM
PUBM
Cash + ST InvestmentsLiquidity on hand
$144.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$814.1M
$251.0M
Total Assets
$6.1B
$659.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MPB
MPB
PUBM
PUBM
Q1 26
$144.9M
Q4 25
$145.5M
Q3 25
$136.5M
Q2 25
$90.5M
Q1 25
$101.8M
Q4 24
$100.5M
Q3 24
$78.9M
Q2 24
$73.5M
Stockholders' Equity
MPB
MPB
PUBM
PUBM
Q1 26
$251.0M
Q4 25
$814.1M
$262.6M
Q3 25
$796.3M
$245.1M
Q2 25
$775.7M
$243.3M
Q1 25
$667.9M
$275.6M
Q4 24
$655.0M
$277.3M
Q3 24
$573.1M
$263.2M
Q2 24
$559.7M
$282.7M
Total Assets
MPB
MPB
PUBM
PUBM
Q1 26
$659.4M
Q4 25
$6.1B
$680.2M
Q3 25
$6.3B
$676.2M
Q2 25
$6.4B
$675.2M
Q1 25
$5.5B
$668.6M
Q4 24
$5.5B
$739.5M
Q3 24
$5.5B
$689.1M
Q2 24
$5.4B
$673.1M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MPB
MPB
PUBM
PUBM
Operating Cash FlowLast quarter
$80.0M
$17.3M
Free Cash FlowOCF − Capex
$71.8M
$10.7M
FCF MarginFCF / Revenue
115.8%
17.1%
Capex IntensityCapex / Revenue
13.3%
Cash ConversionOCF / Net Profit
4.12×
TTM Free Cash FlowTrailing 4 quarters
$132.1M
$63.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MPB
MPB
PUBM
PUBM
Q1 26
$17.3M
Q4 25
$80.0M
$18.2M
Q3 25
$26.3M
$32.4M
Q2 25
$29.0M
$14.9M
Q1 25
$11.5M
$15.6M
Q4 24
$51.4M
$18.0M
Q3 24
$16.9M
$19.1M
Q2 24
$18.0M
$11.9M
Free Cash Flow
MPB
MPB
PUBM
PUBM
Q1 26
$10.7M
Q4 25
$71.8M
$11.3M
Q3 25
$24.3M
$27.7M
Q2 25
$27.2M
$13.6M
Q1 25
$8.8M
$14.2M
Q4 24
$44.5M
$13.7M
Q3 24
$16.8M
$7.4M
Q2 24
$17.7M
$11.2M
FCF Margin
MPB
MPB
PUBM
PUBM
Q1 26
17.1%
Q4 25
115.8%
14.1%
Q3 25
39.4%
40.8%
Q2 25
50.1%
19.1%
Q1 25
18.4%
22.2%
Q4 24
93.8%
16.1%
Q3 24
37.1%
10.3%
Q2 24
40.2%
16.7%
Capex Intensity
MPB
MPB
PUBM
PUBM
Q1 26
Q4 25
13.3%
8.6%
Q3 25
3.1%
6.9%
Q2 25
3.2%
1.9%
Q1 25
5.7%
2.3%
Q4 24
14.6%
5.1%
Q3 24
0.0%
16.3%
Q2 24
0.7%
1.1%
Cash Conversion
MPB
MPB
PUBM
PUBM
Q1 26
Q4 25
4.12×
Q3 25
1.44×
Q2 25
6.08×
Q1 25
0.84×
Q4 24
3.88×
Q3 24
1.37×
Q2 24
1.53×
6.06×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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